2023-03-31-accounts

		Page
Chairman's statement
Trustees report		2-7
Statement oftrustees	responsibilities
Independent auditor's	report	9-11
Statement offinancial	activities	12
Balance sheet		13-ts
Statement ofcash flows		15
Notes to the ananctal	statements	16-30

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2023	2023	2023	2022	2022	2022
		Notes	f	8			6	6
Donations and
legacies		3	141,117	7,500	148,617	109,386	81,500	190,886
Chariteble ac5vities		4	2,120,420		2,120,420	2,029,673		2,029.673
Inve aimants		5	11,353		11,353	1,656		1,658
Other income		5	4,273		4,273	11,705		11,705
Total Income			2,277,163	7,500	2,284,663	2,152,420	81,500	2,233,920
~x~nl ~ro:
Charitable activities		7	2,083,123		2,083,123	1,892,196		1,892,196
Net income for the yeari
Net movement	in funds		194,040	7,500	201,540	260,224	81,500	341,724
Fund balances at 1 2022		April	3,511,410	S7,940	3,599,350	3,251,186	6,440	3,257,626
Fund balances	at	31
March 2023			3,705,450	95,440	3,800,890	3,511,410	87,940	3,599,350

					2023		2022
Fixed assets
Tangible assets				12		1,636,200		1,654,305
Investments				13		1		1
						1,636,201		1,654,306
Current assets
Debtors				14	128,130		91,784
Cash at bank and		in	hand		2,605,033		2,457,636
					2,733,163		2,549,420
Creditors:	amounts		falling due within
one year				18	(151,594)		(137,858)
Net current	assets					2,581,569		2,411,562
Total assets less		current liabilities				4,217,770		4,065,868
Creditors:	amounts		falling due after
more than	one year			17		(418,880)		(466,518)
Net assets						S,800,890		3,599,350
Income funds
Restricted	funds			18		95,440		87,940
Ilnt882(g)94Uunda
Designated	funds			19	3,659,589		3,452,917
General unrestricted			funds		45,861		58,493
						3,705,450		3,511,410
						3,800,890		3,599,350

			2023		2022
		Notes	8		8
Cash flows from operating		activities
Cash generated from operations				216,753		328,887
Investing	acgvlties
Purchase	oftangible fbred assets		(31,071)		(2,980)
Investment	Income received		11,353		1,656
Net cash	used in investing	activities		(19,718)		(1,324)
Financing	activities
Repayment	ofbank loans		(49,838)		(34,599)
Net cash used In financing		activities		(49,838)		(34,899)
Net increase In cash and cash equivalents				147,397		292,664
Cash and	cash equivalents	at beginning ofyear		2,457,836		2,164,972
Cash and	cash equivalents	at end ofyear		2,805,033		2,457,638

Residential Cere
Local Auihority COVID Contributions

Unrestricted	Unrestricted
funds	funds
2023	2022
5	5
886	8,318
3,387	3,387
4,273	11,705

Charitable activities
		2023	2022
		8
Stalf costs		1,650,672	1,527,192
Depreciation and impairment		49,176	51,$68
Utilities		58,277	51,980
Insurance		25,576	21,467
Telephone		6,243	8,218
Postage and stationery		4,315	3,119
Advertising		82
Farm expenses		31,398	31,204
Food and household		87,811	76,873
Waste disposal			6,912
Travelling Repairs and renewals		2,128 84,313	948 42,396
Motor expenses		26,064	16,987
Subscriptions snd donations Computer software		1,439 10,154	1,439 5,709
Interest payable		16,263	25,512
Recruitment, training	and sundry expenses	15,134
		2,058,445	1,871,824
Share ofsupport costs (sse note 8)		18,708	13,212
Share ofgovernance	costs (ses note 8)	5,970	7,160
		2,083,123	1,892,196

8	Support costs	Support costs
			Support	Governance	2023	Support	Governance	2022
			costs	costs		costs	costs
			8	8	8	8		8
	Residential	Care	18,708		18,708	13,212		13,212
	Audit fees			5,970	5,970		7,160	7,160
			18,708	5,970	24,678	13,212	7,160	20,372
	Analyssd	between
	Charitable	activities	18,708	5,970	24,678	13,212	7,160	20,372

The average monthly number ofemployees during th	e year was:
	2023	2022
	Number	Number
		66
Employment costs	2023 f	2022 f
Wages and salaries	1,483,115	1,384,174
Social security costs	126,956	105,376
Other pension costs	40,601	37,642
	1,650,672	1,527,192

12	Tangible gxed assets	Tangible gxed assets
				Freehold land	Plant and	Fixtures and Motor	vehtalea	Total
				and buildingsf	equiprecut f	rltunea f
	Cost
	At 1 April 2022			1,997,273	31,624	78,891	103,946	2,211,734
	Additions						31,071	31,071
	Disposals					(1,578)		(1,578)
	At31 March	2023		1,997,273	31,624	77,313	135,017	2,241,227
	Depreciation	and impairment
	At 1 April 2022			357,065	29,420	66,999	103,946	557,430
	Depreciation	charged	in the year	35,024	472	3,322	10,357	49,175
	Eliminated in	respect ofdisposals				(1,578)	-	(1,578)
	At 31 March	2023		392,089	29,892	68,743	114,303	605,027
	Carrying amount
	At 31 March	2023		1,605,184	1,732	8,570	20,714	1,636,200
	At 31 March	2022		1,640,208	2,204	11,893		1,654,305

Cost orvaluation
At 1 April 2022 &31 March 2023
Carrying amount
At 31 March 2023
At 31 March 2022

14	Debtom
							2023	2022
	Amounts falling due		within one year:				5
	Trade debtors						88,831	52,068
	Other debtors						7,516	10,562
	Prepayments	and accrued income					31,783	29,154
							128,130	91,784
15	Loans and overdrafts
							2023f	2022 2
	Bankloans						466,479	518,117
	Payable within	one year					49,599	49,599
	Payable alter	one year					416,880	466,518
	The bank loan	is secured by legal charge		over the freehold	property.
16	Creditors: amounts		falling due within	one year
							2023	2022
						Notes	6	6
	Benkloans					15	49,599	49,599
	Other taxation	and social security					52,233	26,524
	Trade creditors						16,038	38.463
	Other cmditcrs						20,873	14,429
	Accruals and deferred		income				12,851	8,843
							151,594	137,858
17	Creditors: amounts		falling due after more than one year
							2023	2022
						Notes	E
	Bank loans						416,880	466,518

		Movement		Movement
		in funds		in funds
	Balance at	Incomlns	Balance at	Incomine	Balance at
	1April 2021	maourcas	1April 2022	msourcss	$1 Siarch 2023
		8	5	6	6
Legacy - to provide 0sensory room	6,440		6,440		6,440
Donation to provide Creative Workshops		81,500	81,500	7,500	89,000
	6,440	81,500	87,640	7,500	95,440

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	noncancellsble operat	ing l	eases,	which	fall du	e as fo	llo	ws:
										2023 6	2022f
	Within one year									455
	Between two and five	years								1,480
										1,935
22	Related party transactions
	There were no disclosable related party				transactions		during the year		(2022 - none).
23	Subsldia dies
	These financial statements		are separate		charity finandal			statements	for Glasallt Fawr	Trading Limited.
	Details ofthe charity's	subsidiaries		at 31 March		2023	are as follows:
	Name ofundertaking		Registered			Nature	ofbusiness		Class of %Held
			office						shares	held Direct	Indirect
	Glassllt Fawr Trading		Glassgt Fawr,			Dormant			Ordinary	1.00
	Limited		Llangadog,						Shares
			Cannarthen,
			SA19	9AS
24	Cash generated from	operations								2023	2022
										6	5
	Surplus for the year									201,540	341,724
	Adjustments for.
	Investment income recognised in statement offinancial							activities		(11,353)	(1,656)
	Depreclagon snd impairment		oftangible		fixed assets					49,175	51,868
	Movements in working	capital:
	(Increase)/decrease in	debtors								(36,346)	21,220
	Increase/(decrease) in	creditors								13,737	(84,269)
	Cash generated from	operations								216,753	328,887

25	Analysis ofchanges in net funds	At 1ApAI 2022	Cash naaeAt 21 trarch 2022	Cash naaeAt 21 trarch 2022
		5	5	5
	Cash at bank and ln hand	2,457,636	147,397	2,I805,033
	Loans felling due within one year Loans felling due after more than one year	(49,599) (466,518)	49,638	(49,599) (418,880)
		1,941,519	197,035	2,138,554